### Elon Musk to Drastically Reduce Political Donations

Elon Musk, the renowned CEO of Tesla and SpaceX and the leader of the government-reducing initiative DOGE, has announced plans to significantly cut back on his political contributions in the coming years. This revelation marks a notable shift for Musk, who has previously been a major financial supporter of the Republican party, including substantial backing for former President Donald Trump's campaign.

At the Qatar Economic Forum, Musk disclosed that he had invested over $250 million to aid Trump in securing a second term in the White House. Despite this substantial contribution, Musk indicated that future political donations would be dramatically scaled down. "I think I've done enough," Musk remarked, signaling a move away from the heavy political spending that characterized his past activities.

Over the final weeks of the 2024 election cycle, Musk also spent more than $19 million to help Republicans secure narrow majorities in Congress. Additionally, his actions extended to the high-stakes Wisconsin Supreme Court race, where entities tied to Musk reportedly expended over $13 million, although his preferred candidate did not win.

Musk's intention to reduce his involvement comes amid a period of diminishing public approval and controversy surrounding his actions and opinions, frequently expressed through social media platform X. His close association with the Trump administration has also coincided with a decline in Tesla's market value, which has only recently begun to rebound after a significant drop.

Previously, Musk had hinted at a desire to redirect his focus towards his companies. During Tesla's quarterly earnings call in April, he mentioned that his time at DOGE would "significantly" decrease. Reports suggest Musk has already started distancing himself from the Washington D.C. political scene, further reinforcing speculation that his involvement in political matters will be minimal moving forward.

The news will likely come as a setback to Republicans gearing up for the 2026 elections, who might have been counting on Musk's substantial financial support. However, Musk has left the door open for future contributions, stating that he might reassess his stance if he sees a compelling reason. For now, however, he remains firm in his decision to step back from the political limelight.